: The ringgit closed marginally lower against the US dollar today, with Kenanga Investment Bank’s technical indicator signalling a reversal in the dollar-ringgit trend.
At 6 pm, the ringgit closed at 4.0540/0580 after recording a strong performance last Friday, when it jumped 100 basis points to end at 4.0500/0550. “Fundamentally, the ringgit may continue to gain strength against the greenback and breach the major psychological threshold of 4.00 against the US dollar as the US government plans to accelerate the Covid-19 inoculation rollout,” it said.
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